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New Jersey Resources (NJR) investor relations material
New Jersey Resources Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Fiscal 2026 third quarter and year-to-date results showed strong performance, with net income for the nine months reaching $351.1 million, up from $320.6 million year-over-year, driven by higher base rates, customer growth, and favorable market conditions in Energy Services and Storage & Transportation.
Net financial earnings (NFE) for Q3 were $11.3 million ($0.11/share), up from $6.2 million ($0.06/share) in Q3 2025; year-to-date NFE was $350.9 million ($3.48/share), up from $313.4 million ($3.13/share).
Consolidated assets increased to $8.02 billion as of June 30, 2026, primarily due to utility plant and solar project investments.
Cash flows from operating activities rose to $577.8 million, reflecting improved working capital and higher margins.
Dividend was raised for the 30th consecutive year, with FY2026 dividend at $1.90 per share.
Financial highlights
Operating revenues for the nine months ended June 30, 2026, were $1.89 billion, up from $1.70 billion year-over-year.
Diluted EPS for the nine months was $3.46, compared to $3.18 in the prior year.
Fiscal 2026 Q3 consolidated net financial earnings were $11.3 million ($0.11/share), up from $6.2 million ($0.06/share) in Q3 2025.
Utility Gross Margin increased by $41.0 million year-over-year, mainly from higher base rates and customer additions.
Tightened fiscal 2026 NFEPS guidance to $3.52–$3.62 per share, raising the midpoint.
Outlook and guidance
Fiscal 2026 NFEPS guidance range narrowed to $3.52–$3.62 per share, reflecting improved performance and visibility.
Long-term NFEPS growth target maintained at 7–9% annually from a 2025 base of $2.83/share.
Five-year CapEx outlook reaffirmed at $4.8–$5.2 billion through fiscal 2030, supporting 7–9% long-term NFEPS growth target.
Guidance for fiscal 2027 and segment mix to be updated in November.
Projected capital expenditures for fiscal 2026 are $470 million–$500 million for utility operations and $210 million–$290 million for solar projects.
- Cold-weather trading gains and tax benefits lifted FY18 NFE to $240.5M.NJR
Q4 2018 - Higher regulated-utility earnings lifted NFE as infrastructure and clean-energy investment expanded.NJR
Q4 2017 - NFE/share rose to $2.70 as energy-services growth offset cost pressure in regulated and midstream operations.NJR
Q4 2023 - NFE rose to $2.50/share as utility growth and clean energy gains offset volatile energy markets.NJR
Q4 2022 - Extreme-weather gains lifted adjusted earnings, while a PennEast write-down cut GAAP income.NJR
Q4 2021 - Utility rate growth offset weaker wholesale markets and lower solar tax credits.NJR
Q4 2020 - FY19 NFE met guidance as utility and solar strength offset weaker wholesale energy earnings.NJR
Q4 2019 - Digital real estate growth offset ad weakness as one-time litigation weighed on FY16 EBITDA.NJR
Q4 2016 - Higher GAAP earnings, lower adjusted NFE, and continued utility and clean-energy investment.NJR
Q4 2015 - Cold-weather demand lifted adjusted earnings, led by Energy Services.NJR
Q4 2014
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